Mortgage rates moved back up today, leaving them right in line with the highest levels of the week. These also happen to be the highest levels since early 2011, but let’s not get bogged down in unfortunate details! Rates will definitely move lower at some point in the future. That’s the way economic cycles work–and they always work eventually. The big questions are twofold: how long will it take for fortunes to change and how high will rates go in the meantime?